back in Oct. of 2012. It's continued it's decline to these level and never rebounded. They said in their CC back in 2012 they were developing and monetizing patents in their portfolio, none of which has happened. This shows their concern for having to win the Google case before ever engaging in these forward looking statements. It demonstrates without a victory we cannot pursue our plans. So everything has been on hold until this case or a case is won. How long can Google keep this up... indefinitely. I expect the others to follow suit. IMO strictly!
If JJ waited this long to make any decisions I doubt seriously he up and rules on Google's work around. I'm 100% confident he'll need briefs from both sides experts which I'm expecting he'll allow at least 30 days in his ORDER. That Order should arrive later part of December. He will not rush this decision as it's been deemed different by Google. He'll need time to pour over those reports and then IMO rules that Google's system is found to be more than colorable different.
Shorts are betting on it heavily!
Watch your lottery tickets when cashing them in a t an Arab store in New York. They seem to misread every tickets true value. The other day they gave a Mexican $1000.00 for a winning ticket valued at $1,000,000.00. He realized when he'd left the store something didn't look right. He went to the police and they arrested the owner and his son who later claimed they made an error. Funny things is he returned to the store upset they shorted him so they they offered the guy 10 K to not go to the police. Found out a lot of Arab owned markets in New York were doing the same thing!
Don't know what hole you crawled out of but you should head back in it fast. This company will not and cannot sustain what's coming. You just keep buying though. Better look into who's piling in on those shorts my friend. By the way they're at an all time high and will be increasing daily. So tell me, who should be worried. Who really knows what lies ahead longs, new investors who aren't touching this with a 100' pole, or shorts who can't even find more to short! When the news hits that Google isn't infringing Vringo's patents as first thought, it won't matter about ZTE, Virginia Tech, ADT, Microsoft, or any other suit they seek. This will deflate so fast and shorts will cash in! HTG sucker!
I'm as upset about this company as you but throwing slurs about their heritage won't fix anything. It's Vringo as a whole with many elements involved that are failing but blaming their belief for the low s/p is wrong. Let it go and find things the company is doing wrong and post, that will get your point across much faster. DOG!
You've been warned!
read it and weep sucka! red red red and getting red "r"!
And Google can afford to have hedge funds short this right into the ground! With the help of JJ, it's being orchestrated perfectly. What the worst case scenario for Google, it goes to $6.00,,BFD! They still keep this in court for years then when Vringo burns up all their cash says OK we settle for 200M.
UPDATE since last post...
Short seller volume yesterday was 46%, higher than ever! it's almost comical now !
It will be a one punch knockout in the first round. All Vringo want's is what's theirs (they claim), around $12.00 shaved off of Google's share price and deposited into their account. And yet after Vringo's win a year ago, JJ is still not convinced jurors got it right! The writings on the wall, an appeal and eventual win with Google's w/a being JUST different enough to make JJ.s job easier, and finally ruling some time next year.
the obvious, you're not acting like a publicly traded company which can lead directly to our protection...THE SEC!
Like I said...interesting stock.
They had an opportunity to comment or reference the Indian filing in their November 12 PR...only covered the four european countries.
This omission ( in any release or filing document) is troubling from a disclosure standpoint for an SEC reporting company. Although the stock did not take off on the news today...if it had it would have raised issues of who knew what when.
I expected more from VRNG management, especially give the number of lawyers involved with the Company.
Right now it would be good to get some "color" on the implication of the injunction etc. They can CYA with a forward looking disclaimer.
exactly what's happening and they're willing to risk any upside verses the negative impact of being publicly found out. JJ is playing right into the game and is controlling the NPE's by doing nothing. The strategy is working and Vringo can't stop it. It's just business folks you know how the rich normally get their way. Even Cuban admitted buying the few million shares for peanuts was simply a hedge of protection in case Google lost. He owns much more Google than VRNG!
To many other great companies in these ranges that propel a little daily instead of this hopeless company that couldn't monetize popcorn!